Author: Masyitha Baziad

XL Axiata enters the black with US$12.25 mil net profit, revenue declines
PT XL Axiata Tbk posts a year-on-year net profit of Rp160 billion (US$12.25 million) from a loss of Rp507 billion (US$38.8 million) for 9M16, ended in Sept 30.
Telkom Indonesia sees revenue rise 13.8% to US$6.6 bil in 9M16
Telkom Indonesia recorded a 13.8% increase in total revenue to Rp86.2 trillion (US$6.6 billion) versus Rp75.76 trillion (US$5.8 billion) in the same period last year, thanks to its data and digital business segments.
Having made it abroad, Indonesia’s AR Group sets its sights on its home market
Indonesia’s AR Group, which focuses on augmented reality has come home after spending seven years making a name for itself abroad and winning international awards.
DBS Bank Indonesia launches SME-focused DBS BusinessClass app in Jakarta
Two years after its initial launch in Singapore, DBS’ social platform for SMEs BusinessClass has finally come to Indonesia.
Grab launches motorbike ride-sharing services in Jakarta
Grab, the Malaysian founded Singapore-based ride-hailing company, launched GrabHitch, its first motorbike ride-sharing service in Jakarta recently.  
MatahariMall secures US$100 mil equity round
MatahariMall.com announces an equity round of US$100 million (RM418.93 million) led by Japanese conglomerate Mitsui & Co, with participation from new and existing investors.
Hooq revamps mobile app, offers new subscription model
Hooq recently rolled out its new mobile app for both Android and iOS platforms in Jakarta, Indonesia.
Aptikom and VMWare bringing virtualisation and cloud to universities
Aptikom joins forces with VMWare Indonesia to bring the VMWare IT Academy Programme to teachers and lecturers in 99 universities across Indonesia.
Preserving culture in the digital era
Digital transformation is not only forcing businesses to adapt and change their old-fashioned practices, it is also forcing cultural institutions all over the world to reinvent themselves, and the role they are playing in preserving culture.
New study compares iPhone 7 prices
According to a new study, Apple's iPhone 7 is the most expensive in Indonesia and Thailand. Apple has just two percent market share in Indonesia.
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